News and resources for Canada's top financial advisors
Est. 1998
Estate Planning
An overview of major changes impacting Canadians with U.S. connections
By Margaret O’Sullivan |May 8, 2018
9 min read
Tax News
The owner of a Brampton, Ont.-based tax preparation business received a conditional two-year sentence and almost $100,000 in fines for preparing 100 fraudulent returns, CRA said in a release Thursday. The Ontario Court of Justice sentenced Ajay Sharma last month to the conditional sentence and three years of probation, as well as a $96,946 fine, […]
By Staff |May 3, 2018
1 min read
If your client is considering flipping houses to benefit from strong prices, remind them of the tax consequences. Property flipping is when property owners, including real estate agents, buy and resell homes in a short period of time for profit, says CRA in a release. “This also includes buying and selling a property before its […]
By Staff |April 23, 2018
For business owner clients required to collect GST, failure to do so could have serious consequences. Read: CRA investigation leads to tax evasion sentence for B.C. developer In a release, CRA reminds that taxpayers convicted of GST evasion must still repay the full amount of taxes owing, plus interest and any civil penalties that may […]
By Staff |April 16, 2018
Advisor's Edge
The limits of carrying credits forward
By Jamie Golombek |April 13, 2018
4 min read
Help clients as they file and track their tax returns
By Staff |April 13, 2018
2 min read
As the tax filing deadline approaches, the Chartered Professional Accountants of Canada (CPA Canada) offers the following tax tips, in a release, to share with clients about the sharing economy and cryptocurrencies. Read: Essential tax numbers: updated for 2018 Sharing economy Read: Tax tips when a loved one dies Cryptocurrencies For general tax filing tips, […]
By Staff |April 3, 2018
Industry
Missed the Ontario budget news? Check out these articles
By Staff |March 29, 2018
The Ontario budget has introduced a plan to restructure the province’s tax brackets and eliminate a surtax paid by filers. The government says that in 2018, 8.6 million individuals wouldn’t be affected by the changes, but 1.8 million people would pay about $200 more on average. About 680,000 people would see a tax reduction of […]
By Katie Keir |March 28, 2018
If your clients use Google to find tax answers, they’re not alone. Read: What’s the most tax-efficient retirement income source? Google Trends reveals that Canadians’ tax searches increase every year between February and May as tax season gets underway, with a peak at the end of February. April’s end brings another peak in tax searches […]
By Staff |March 26, 2018
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.